Funding Cooperation: The Case of Peru and Ecuador

Peru and Ecuador Working Together for the Environment
September 17, 2017
5 Bookkeeping Services Peru Entrepreneurs Should Delegate to Accountants
5 Bookkeeping Services Peru Entrepreneurs Should Delegate to Accountants
November 2, 2017

The Andes plays host to a wide range of fauna and flora as it is home to one of the most diverse ecosystems on the planet. Yet, this majesty of nature has since come under attack from overdevelopment and unsustainable practices. That is why the Ecuadorian and Peruvian governments initiated the four-year project entitled ‘Multiplying environmental and carbon benefits in high Andean ecosystems.’

The project seeks to offset the effects of widespread deforestation in the area. More importantly, it aims to take part in the conservation and enhancement of carbon stocks and biodiversity in the Andes. It focuses primarily in Carchi, Pichincha and Tungurahua (Ecuador) as well as in the states of Piura and Huancavelica (Peru).

Efforts to put this project together began as early as 2014 when the Global Environment Facility, started channeling funds toward it. As one of the leading environmental funders in the world, the institution certainly had the will and the means to initiate the project as it provided US$4,796,364 worth of funds.

Additionally, the two partner governments met the funders halfway and raised their own counterpart cash, reaching an estimated at $16.2 million.

 

 

Leave a Reply

Your email address will not be published. Required fields are marked *